EPAM Systems, Inc. (NYSE:EPAM) Stake Lifted by Trexquant Investment LP

Trexquant Investment LP boosted its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 9.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,450 shares of the information technology services provider’s stock after acquiring an additional 7,867 shares during the quarter. Trexquant Investment LP owned 0.16% of EPAM Systems worth $20,915,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in EPAM. Centre Asset Management LLC acquired a new position in EPAM Systems in the 4th quarter worth approximately $8,757,000. Oliver Luxxe Assets LLC acquired a new position in EPAM Systems during the 4th quarter worth $1,889,000. iA Global Asset Management Inc. boosted its position in shares of EPAM Systems by 165.2% in the third quarter. iA Global Asset Management Inc. now owns 3,700 shares of the information technology services provider’s stock valued at $736,000 after acquiring an additional 2,305 shares during the period. Merit Financial Group LLC acquired a new position in shares of EPAM Systems during the fourth quarter valued at about $245,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of EPAM Systems by 21.1% in the third quarter. The Manufacturers Life Insurance Company now owns 45,188 shares of the information technology services provider’s stock valued at $8,994,000 after purchasing an additional 7,885 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the sale, the chief financial officer now directly owns 23,382 shares in the company, valued at approximately $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.30% of the company’s stock.

EPAM Systems Price Performance

Shares of NYSE:EPAM opened at $169.00 on Tuesday. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The stock has a market cap of $9.61 billion, a PE ratio of 21.56, a PEG ratio of 3.38 and a beta of 1.61. The company’s fifty day moving average is $219.75 and its 200 day moving average is $220.51. EPAM Systems, Inc. has a 52 week low of $164.00 and a 52 week high of $277.04.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Research analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on EPAM shares. Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 price objective on shares of EPAM Systems in a research note on Thursday, February 20th. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and upped their price target for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. StockNews.com downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Morgan Stanley raised their target price on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Scotiabank decreased their target price on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.47.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.